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2. Complete and Review Deal Evaluator— Attached is a form that was prepared by the Minnesota Department of Employment and Economic Development to assist communities in analyzing and understanding the proposed JOB Zone project and related industry. Considerations If this project is approved as a JOB Zone, most property taxes associated with the parcel of property will not be due and payable. Currently property taxes on the parcel are approximately$649.18 per year. The company or landowner will continue to pay property taxes on the value of the land and some miscellaneous non-exempt items. Job Zone Participation and Proposed Application Fees The City of Crosslake proposed JOB Zone fees are proposed to be as follows: Application Fee-$1,000 non-refundable application fee Deposit-$5,000 deposit at time of application to cover city costs Closing Fee—Not applicable Annual Fee for Region 5 Communities—Annual business fees are based on a half percent of qualifying JOBZ payroll,with a minimum of$500 and a maximum of$10,000 per year. Annual developer fees are assessed at five cents per square foot of rented JOBZ property with a minimum of$500 and a maximum of$2,500 per year. The annual fee is distributed according to Region 5 policy. Closing Comments Cross-Tech Manufacturing and BLADC look forward to meeting with you to discuss the company's request in greater detail. Sincerely, Elissa Rogers Economic Development Specialist Enc. cc: Roger Roy, Cross-Tech Manufacturing,Inc. Tom Swenson, Crosslake City Administrator Emily Johnson,JOBZ Representative,DEED Lee Smith,Region 5 Crosslake City Attorney Disclosure The Brainerd Lakes Area Development Corporation's involvement in CROSS-TECH's proposal has been to assemble the information provided by company representatives.BLADC does not make representations.